The Science Behind Down Payment Assistance—Explained

Find out how it works in order to qualify now.

The final aspiration for most Americans is to own the home of their dreams, to fulfill the basic need of a shelter and to provide the best quality of life possible for their families. All of those objectives start with buying a property, we all have that same concept that one day, just one day in the near future, we’ll be able to unlock that front door with a key that has our name.

Who said that this would be an easy task? If you don’t have the money upfront, there will be a big hill waiting to be climbed, but that doesn’t mean you will be quitting, understand that this is a difficult process, but not one that is impossible. So let’s talk about something serious here, something called “down payment”; a down payment is simply put: A financial tool that goes as an initial payment made when something is bought on credit, in other words, it is the first amount of money you give once you’ve been approved for a home loan


Fast fact: According to a recent survey, 61.7 percent of new homebuyers cannot afford a down payment. 

The Real Deal 

Perfect, we know the real concept of a down payment and how common it is to feel left out. Now we’ll learn the basic aspects, limitations and types of down payments in order to improve our chances of getting one.

First, a down payment assistance program depends greatly on where you are going to buy a home, all because these can come from various sources such as the city, county, state or even the federal government. To give us an useful example, the DHCA (Department of Housing and Community Affairs) provides down payment assistance up to 5 percent of the whole amount for eligible prospects living in Texas.

There are different types of platforms, such as:

Forgivable second mortgages:

 To use these you’ll need to have a third-party financing plan and be sure that you’ll be at the same home for the next 10 years, these type of aid offers zero percent interests and some do not require monthly payments. 


 Financial aid that doesn’t have to be repaid, such as the National Homebuyers Fund. Some of these offer a percentage of the full loan or a specific amount. 

Matched savings:

 A framework in which you make a contribution to a savings account and then a third-party non-profit institution provides a higher payback to its supporters. 

If you want to know even more about your real chances on getting down payment assistance, and which strategy works best depending on your location, then this comprehensive list will be the starting point for the new road that waits ahead. Don’t forget that professional help is always the best option in these cases, and we are here to assist you in every possible way, contact us now by clicking here or calling to (888) 870-5766.


The AFTHA Program helps bridge the gap between the haves and have-nots. In short, our mission is to help people who are struggling to become homeowners and have no way to get ahead of their monthly expenses. We freely offer our service to the people that need it most, with the hope of strengthening our economy one family at a time. 

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